Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

33231 N Symer Drive Cave Creek, AZ 85331

4 Beds 2 Baths 1,781 sqft Built 2000

$499,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $280.18
  • 5 Days on Market
  • MLS # : 6192270
  • Updated Date : 02/13/2021 at 23:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,781 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This spectacular home has been completely remodeled from the gourmet chef's kitchen to the tranquil and relaxing bathrooms. Home is located in gated community backing to nature preserve with stunning views. Huge island kitchen features beautiful granite countertops, new cabinetry, gas range, updated fixtures & appliances and more. Wide open great room floor plan flows easily into the backyard with sparkling pool and turf in the play area. View fencing lets you enjoy the views of nature. Master bath was recently updated with double sinks, walk in shower and exterior door to backyard. 4th bedroom is currently being used as a den, but has closet and door. Huge 3 car garage to store extra cars or toys.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dove Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k483k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Dove Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10452388

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8
Sonoran Trails Middle School Middle Unknown NA

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$449,100$548,900$499,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,733
Property Tax -$244
Property Insurance -$62
HOA -$10
Property Management Fees -$99
CASH FLOW
-$268

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$499,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,733

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$10,633

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,133

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9993$2,1504$2,2005$2,400
$2,400
RENT COMPS ANALYSIS
  • 33231 N Symer Drive Cave Creek, AZ 1
    • 4 beds 2 baths ∙ 1,781 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,781 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4733 E Woburn Lane Cave Creek, AZ 2
    • 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 2003
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $1.07
    •  
  • 4713 E Brilliant Sky Drive Cave Creek, AZ 3
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2002
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.22
    •  
  • 4429 E Smokehouse Trail Cave Creek, AZ 4
    • 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2001
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.23
    •  
  • 4614 E Night Glow Drive Cave Creek, AZ 5
    • 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 2001
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.27
    •  
PROPERTY LISTING DETAILS
Rob Miele
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192270
Last Updated: 02/13/2021
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy